Friday, June 27, 2008

Everyone is Poorer Today


People must be shell-shocked after yesterday because there is nothing going on.

Oil is up a little but futures are flattish.

Bill Gates, Microsoft zillionaire and guy whose company couldn't buy Yahoo, is now officially retired. While he's not exactly going out on top, he's going out having won a lot more than he lost, including a whopper that will go down in history as one of the most effective money-making machines of all time. It's one thing to invent a new market - the commercially-viable, user-friendlyish operating system. It's another thing to invent a new market where the cost of goods sold on your product is close to zero. It's yet another to maintain dominant market share as household and office penetration rates go from close to nearly everyone.


Cheers.

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